Grip Business

24/10/2026

🕵️‍♂️🪪 Are you a company director? Has Companies House verified who you are yet? 🤔

Identity verification is now the law for UK directors and PSCs 👇
✅ Existing directors must be verified before your company's next confirmation statement
⛔ Companies House won't accept the confirmation statement until every director has verified and given their personal code
🆓 You can verify free on GOV.UK One Login (passport or driving licence) or through an Authorised Corporate Service Provider
⏳ The 12-month transition period ends on 17 November 2026, so don't leave it to the last minute!

💭 Have you got your Companies House personal code yet? Tell us below 👇

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

💬 Keen to know more? Send us a DM and we'll be happy to help!

24/10/2026

🐷💌 Got a letter from HMRC about your savings interest? Don't panic... but don't ignore it either! 🤔

HMRC is now sending P800 tax calculations and Simple Assessment (PA302) notices for bank and building society interest earned in 2025-26 👇
✅ Only interest above your Personal Savings Allowance is taxed: £1,000 for basic-rate taxpayers, £500 for higher-rate (additional-rate: £0)
🔁 Already had a Simple Assessment? You might get a second one covering the same year, so deduct anything you've already paid
💼 On PAYE? HMRC will usually collect it through your tax code
🧾 Check every figure against your bank statements. ISA interest is tax-free and shouldn't be there
⏳ Think it's wrong? Contact HMRC within 60 days

💭 Have you had one of these letters yet? Tell us below 👇

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

💬 Keen to know more? Send us a DM!

23/10/2026

🚗💨 Got a company car? Your P11D days could be numbered! 😱

From 6 April 2027, employers must payroll these benefits in kind in real time 👇
✅ Company cars and car fuel
✅ Vans and van fuel
✅ Employer-provided medical benefits
💷 Income Tax and Class 1A NICs get reported through payroll every payday, not at the end of the year
📆 Most other benefits follow from April 2028
🏠 Employer loans and living accommodation stay on the P11D for now
🛠️ Get ready now: list every benefit you'd normally put on a P11D and check your payroll software can handle it

😮 Did this surprise you? Comment YES below, and tag a director with a company car who needs to see this! 👇 Like & share to spread the word ❤️

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

💬 Keen to know more? Send us a DM!

23/10/2026

Alert: Exchanging or spending crypto isn't always tax-free and could catch you out. Keep records and check if you owe tax before it's too late. Find out why this matters now.

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22/10/2026

HMRC confirms £42.8 billion tax debt is still outstanding — but recovery efforts have nearly doubled compared to previous years. Curious about how they're tackling old debts and helping those struggling to pay? Read on to find out more.

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22/10/2026

👷‍♂️📝 Do you call your workers "self-employed"? Could you prove it? 🤔

The Government is consulting on big changes to employment status 👇
⚖️ A proposed "presumption of worker status", so the business would have to show someone is genuinely self-employed
🔄 Less weight on substitution clauses where you control how, when and where the work is done
🛡️ New protections for the genuinely self-employed, like written statements of key terms

These are proposals for now (the consultation closes on 8 January 2027), but it's a good time to review your contractor and freelancer arrangements 🧐

💭 Do you use freelancers or contractors in your business? Tell us below 👇

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

💬 Keen to know more? Send us a DM and we'll be happy to help!

21/10/2026

Alert: Your pension could affect your tax bill more than you think. Tax on lump sums and combined income could catch you by surprise. Find out why it matters now.

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21/10/2026

🎁🎄 Treating yourself to a Christmas hamper through your Ltd company? Is it really tax-free?

It can be, if it counts as a "trivial benefit" 👇
✅ It costs £50 or less (per gift, including VAT)
✅ It isn't cash or a cash voucher
✅ It isn't a reward for work or in your contract
👔 Directors of close companies: there's a £300 annual cap

Go over £50 and the WHOLE gift is taxable, not just the extra 😬

💭 Do you treat your team (or yourself) at Christmas? Tell us below 👇

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

20/10/2026

🐷💷 Paying yourself in dividends? Your tax bill just got bigger...

From 6 April 2026, dividend tax went UP for company directors and shareholders:
📈 Basic rate: 8.75% ➡️ 10.75%
📈 Higher rate: 33.75% ➡️ 35.75%
➖ Additional rate stays at 39.35%
🎁 Tax-free dividend allowance? Still only £500

If you run a Ltd company, now's a great time to review your salary and dividend mix for 2026-27 so there are no nasty surprises next January.

💭 Directors: have you checked how much extra this costs you? Tell us below 👇

Grip Business may be able to assist you with this 🤝

📅 Book a chat: https://calendar.app.google/iZRRoTnGFX9cMFq57

20/10/2026

Alert for families: You might be able to pay the Child Benefit tax charge through PAYE, skipping the need for a self-assessment return. Find out why this new option could make tax time easier for you. Read on to see if you qualify.

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